The TSX Index was up 1.77% in the month of June, up 8.61% YTD and up 22.33% over the past year. Canadian GDP was up 0.50% in the quarter and 2.30% for the full year; in the USA the GDP was down -0.50% for the quarter and up 2.00% for the full year. The Canadian inflation rate was 1.90% annually in June 2025 and the US annual rate was 2.70% in June 2025. With this background, the following Table presents the highest and lowest performers for the month of June 2025.
Top Performers
The best performer of June was Propel Holdings Inc (PRL) whose stock price was up 19.4% on the month, up 2.9% year-to-date, and up 48.5% over the past year.
PRL is an innovative fintech company operating through three main brands, MoneyKey and CreditFresh in the US, and Fora in Canada. It reported strong earnings in early May, which helped to improve its momentum, and since then, it has carried this positive momentum into June. The name was heavily sold off during the April Tariff turmoil decline, and since the market recovered, PRL has continued its climb higher. It trades at an 11X forward earnings, it has a 1.9% dividend yield, and with a strong growth profile, we feel this name can move higher in the coming year(s).
The second-best performer of June was Galaxy Digital Inc (GLXY), whose stock price was up 17.4% on the month, up 19.3% year-to-date, and up 74.7% over the past year.
It operates across a few main segments: global markets (trading, lending, derivatives), asset management (venture investing, passive ETFs, etc.), digital infrastructure (data centres for blockchain and AI). It has now completed its uplisting on the NASDAQ exchange, and in June, it closed its first external venture fund at more than $175 million. This fund aims to back early-stage blockchain and digital asset startups. The crypto market has been moving higher in general, and this has helped to improve its price action. Lastly, it has established a strong partnership with CRWV and this has helped to drive growth and diversify its operations.
The third best performer of June was Magellan Aerospace Corp (MAL) whose stock price was up 14.4% on the month, up 91.7% year-to-date, and up 140.9% over the past year.
MAL is a small ($1.0 billion market cap) aerospace name that pays a decent yield of 0.5%. It has a diversified customer base and long-term contracts, serving customers like Boeing, Airbus, and Lockheed Martin. In late May, TD Securities upgraded MAL and raised its price target, which helped its price action into June. It also announced a dividend increase and it gained momentum from the rising global military and defense-related spending. Given its forward expected earnings growth rates, its valuation of 17X forward earnings seems fairly attractive to us.
Bottom Performers
The third worst performer of June was Kneat.com Inc (KSI) whose stock price was down -7.5% on the month, up 2.7% year-to-date, and up 41.0% over the past year.
KSI provides software for data and document management in the life sciences industry (biotech, pharmaceutical, medical device manufacturing). KSI has been mostly flat year-to-date, but it is up decently over the past year (30%+). Negative momentum from May carried into June, and most of this was reflective of its somewhat weaker-than-expected earnings in May. Despite the recent price action, we feel KSI is a high-quality growth name in the life sciences industry, with sticky SaaS services. We continue to like KSI for its long-term potential and high growth profile.
The second worst performer of June was Tecsys Inc (TCS) whose stock price was down -10.6% on the month, down -15.7% year-to-date, and up 10.0% over the past year.
TCS provides enterprise-grade supply chain software and services, its trusted for its warehouse management systems and it also has a strong leadership position in providing supply chain software for healthcare. In late June, it reported earnings that missed expectations, and management noted client contract delays contributed to the weaker-than-expected results. Recent momentum has been negative, but it still has a high expected growth profile, although shares are not necessarily cheap, trading at 64X forward earnings.
The worst performer of June was Descartes Systems Group Inc (DSG) whose stock price was down -11.7% on the month, down -15.3% year-to-date, and up 1.5% over the past year.
DSG is a high-quality logistics and supply chain software provider, mainly for the transportation management, customs compliance, and distribution industries. Ongoing US-China trade tensions put some pressure on DSG in June, but it also reported earnings in early June, where it saw a few analyst price target downgrades. It remains a high-quality Canadian software name, and we think that over the long term, this can still be a Canadian favourite.
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Twitter: @5iChris
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